Global Precipitated Silica Market, By Process (Wet Process, Dry Process), Application (Additives, Free-Flow and Carrying Agents, Thickening Agents, Anti-Caking Agents, Battery Separators, and Others), End-Use Industry (Rubber Industry, Food and Feed, Paints and Coatings, Adhesives & Sealants, Automobile, Personal Care and Cosmetics, Electronics, Agriculture and Others) – Industry Trends and Forecast to 2029.
Global Precipitated Silica Market Analysis and Size
There has been huge demand of precipitated silica as it has highly been utilized to absorb moisture in items such as display devices, timepieces, semiconductors, and cameras in the electronics industry. Additionally, the changing the demographic trend, increasing middle-class population have significantly contributed to the growth of precipitated silica market, which further increases the overall growth for the market.
- Global Precipitated Silica Market was valued at USD 2.23 million in 2021 and is expected to reach USD 4.64 million by 2029, registering a CAGR of 9.60% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Global Precipitated Silica Market Definition
Precipitated silica (specialty silicas) is a type of synthetic amorphous silicon dioxide generated from quartz sand and crystalline silicon dioxide. Precipitated silica is a chemically balanced synthetic amorphous material that is inert, non-toxic, and suitable for a wide range of uses. Furthermore, the characteristics of precipitated silica can be altered during the manufacturing process to meet a wide range of performance requirements for a variety of end-use industry verticals.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Process (Wet Process, Dry Process), Application (Additives, Free-Flow and Carrying Agents, Thickening Agents, Anti-Caking Agents, Battery Separators, and Others), End-Use Industry (Rubber Industry, Food and Feed, Paints and Coatings, Adhesives & Sealants, Automobile, Personal Care and Cosmetics, Electronics, Agriculture and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Corporate.Evonik (Germany), PPG Industries, Inc. (U.S.), IQS ( Spain), Tata Chemicals Ltd (India), Anten Chemical Co., Ltd. (China), Solvay (Belgium), PQ (U.S.), W.R. Grace & Co. (U.S.), Oriental Silica Corporation (Taiwan), Tosoh Silica Corporation (Japan), Huber Engineered Materials (U.S.), Supersilica (India), Madhu Silica Pvt. Ltd (India), Gujarat Multi Gas Base Chemicals Pvt. Ltd (India), and Wacker Chemie AG (Germany)
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Market Opportunities
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Precipitated Silica Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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High Usage of Precipitated Silica
The main driver of the market is the increasing use of the product in tires to improve tire tread wear resistance and adhesion. Furthermore, because of the physical endurance it provides, such as corrosion resistance, enhanced sustainability, and a suitable agent for thickening and flattening, it is increasingly being used in the composition of paints and coatings on a broad scale. Additionally, it is extensively used in food applications including edible salt and powdered food products and other agrochemicals. The market for precipitated silica is growing due to a number of causes.
The spreading awareness concerning oral sanitation crosswise the earth along with the changing lifestyles of consumers which will further propelled the growth rate of precipitated silica market. Additionally, the mounting customer knowledge about healthful lifestyle, well-fit, and sanitation is also estimated to drive market value growth. The expansion of the automotive and construction sectors is other market growth determinant which is projected to bolster the growth of the market.
Opportunities
- Developments, Investments and Eco-Friendly Advantages
Furthermore, various developments by the market players and significant investments in research and development activities which further enhance the applications of product, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the eco-friendly advantages and more robust performance will further expand the future growth of the precipitated silica market.
Restraints/Challenges
- Environmental Harm
The environmental hazards associated with the production of precipitated silica will create hindrances for the growth of the precipitated silica market.
- High Cost
Also, the high energy costs incurred during the manufacturing process of precipitated silica will prove to be a demerit for the precipitated silica market. Therefore, this will challenge the precipitated silica market growth rate.
This precipitated silica market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the precipitated silica market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Precipitated silica Market
The recent outbreak of coronavirus had a negative impact on the precipitated silica market as the market has seen a considerable drop in demand as a result of the COVID-19 pandemic's effects. Additionally, one of the most serious repercussions of the crisis has been disruptions in supply chain management and products transportation. Due to the temporary halt of car production and building operations, demand for paints and coatings, plastics, and rubber has dwindled. Furthermore, the altering consumer perspective during the pandemic has resulted in a significant shift in their purchasing decisions, resulting in a reduction in the consumption of some processed goods. Nonetheless, in the post-pandemic period, the precipitated silica industry is anticipated to have a significant recovery and lots of prospects.
Global Precipitated Silica Market Scope
The precipitated silica market is segmented on the basis of process, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Process
- Wet Process
- Dry Process
On the basis of process, the precipitated silica market has been segmented into wet process and dry process.
Application
- Additives
- Free-Flow and Carrying Agents
- Thickening Agents
- Anti-Caking Agents
- Battery Separators
- Others
The precipitated silica market has also been segmented on the basis of application into additives, free-flow and carrying agents, thickening agents, anti-caking agents, battery separators and others.
End-Use Industry
- Rubber Industry
- Food and Feed
- Paints and Coatings
- Adhesives and Sealants
- Automobile
- Personal Care and Cosmetics
- Electronics
- Agriculture
- Others
On the basis of end-use industry, the precipitated silica market is segmented into rubber industry, food and feed, paints and coatings, adhesives and sealants, automobile, personal care and cosmetics, electronics, agriculture and others.
Precipitated Silica Market Regional Analysis/Insights
The precipitated silica market is analysed and market size insights and trends are provided by country, process, application and end-use industry as referenced above.
The countries covered in the precipitated silica market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the precipitated silica market because of the rapid industrialization, huge investment in construction and infrastructural development and growing automotive industry within the region.
North America on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the growing automotive production in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Precipitated Silica Market Share Analysis
The precipitated silica market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to precipitated silica market.
Some of the major players operating in the precipitated silica market are
- Corporate.Evonik (Germany)
- PPG Industries, Inc. (U.S.)
- IQS (Spain)
- Tata Chemicals Ltd (India)
- Anten Chemical Co., Ltd.(China)
- Solvay (Belgium), PQ (U.S.)
- W.R. Grace & Co. (U.S.)
- Oriental Silica Corporation (Taiwan)
- Tosoh Silica Corporation (Japan)
- Huber Engineered Materials (U.S.)
- Supersilica (India), Madhu Silica Pvt. Ltd (India)
- Gujarat Multi Gas Base Chemicals Pvt. Ltd (India)
- Wacker Chemie AG (Germany)
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